UK’s teachers and civil servants join mass strike on ‘Walkout Wednesday’

Up to 500,000 people expected to join UK strikes Government says big pay rises will fuel inflation Schools shut, most trains not running More strikes involving health workers due next week LONDON, Feb 1 (Reuters) – Up to half a million British teachers, civil servants, and train drivers walked out over pay in the largest … Read more

Intel slashes employee, exec pay amid PC market downturn

Jan 31 (Reuters) – Intel Corp (INTC.O) said on Tuesday that it had made broad cuts to employee and executive pay, a week after the company issued a lower-than-expected sales forecast driven by a loss of market share to rivals and a PC market downturn. The reductions will range from 5% of base pay for … Read more

US labor cost growth smallest in a year; labor persistently tight

The employment cost index rises 1.0% in the fourth quarter Wages, salaries increase 1.0%; up 5.1% year-on-year Consumer confidence index drops to 107.1 in January House price inflation slows further in November WASHINGTON, Jan 31 (Reuters) – US labor costs increased at their slowest pace in a year in the fourth quarter as wage growth … Read more

France hit by new wave of strikes against Macron’s pension reform

Reform would raise the retirement age to 64 Schools, transport networks, refinery deliveries hit Macron: Reform vital to ensure viability of pension system SAINT-NAZAIRE, France, Jan 31 (Reuters) – Striking workers disrupted French refinery deliveries, public transport and schools on Tuesday in a second day of nationwide protests over President Emmanuel Macron’s plan to make … Read more

French strike nationwide to say ‘no’ to Macron’s pension reform

Government wants to raise retirement age by two years to 64 Railways, schools and refineries among those hit by strike Macron’s reformist credentials to stake in dispute Polls show widespread opposition to pension reform NICE/TOURS, Jan 19 (Reuters) – French workers went on strike and joined marches across the country on Thursday, halting trains and … Read more

French union threatens to cut electricity to MPs, billionaires amid nationwide strike

PARIS, Jan 18 (Reuters) – France’s hardline CGT union has threatened to cut off electricity supplies to lawmakers and billionaires before a nationwide strike on Thursday, in an increasingly acrimonious showdown over the government’s plan to raise the retirement age. The proposed bill, announced last week, would see the retirement age pushed to 64 from … Read more

Exclusive: ECB union says staff losing faith in leadership over inflation, pay

40% of ECB staff have low or no trust Two-thirds say confidence is damaged 63% worried about the ECB’s ability to protect purchasing power FRANKFURT, Jan 18 (Reuters) – (This Jan. 17 story has been corrected to restore the dropped words in paragraph 11) European Central Bank staff are losing confidence in the institution’s leadership … Read more

Twitter’s laid-off workers asked to drop lawsuit over severance, judge rules

Jan 14 (Reuters) – Twitter Inc has secured a ruling allowing the social media company to force several laid-off workers suing over their termination to pursue their claims via individual arbitration rather than a class-action lawsuit. US District Judge James Donato on Friday ruled that five former Twitter employees pursuing a proposed class action accusing … Read more

Macron, union head for French pension reform showdown

Retirement age set to be raised to 64 from 62 Unions, left-wing opposition reject the reform Adoption in parliament depends on the right PARIS, Jan 10 (Reuters) – The French should work two years longer to age 64 before retiring, the government said on Tuesday, announcing an unpopular pension system overhaul that immediately prompted unions … Read more

UK jobs market softens again in December – REC

LONDON, Jan 10 (Reuters) – Britain’s labor market cooled further in December, according to a survey of recruiters published on Tuesday that may ease some of the Bank of England’s concerns about the risks of longer-term inflation pressure. The monthly index of vacancies, compiled by the Recruitment and Employment Confederation trade body and accountants KPMG, … Read more